Cello World IPO: An Investment Symphony Awaits

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The Opening Act: IPO Details

Cello World, a leading name in India’s consumerware sector, has orchestrated its Initial Public Offering (IPO) for subscription. This presents a unique opportunity for investors to tune into the growth story of a company that has been resonating in Indian homes for over six decades.
  • Date: The IPO is open from October 30 to November 1, 2023.
  • Price Band: The price band for the shares is set at ₹617 - ₹648.
  • Market Lot: Investors can buy in lots of 23 shares.
  • Application Amount: The application amount for one lot is ₹14,904.
  • Size: The total size of the IPO is approximately ₹1900 Cr.
  • Retail Portion: The retail portion is set at 35%.
  • Retail Form: There are 4,43,597 retail forms available.
  • HNI Small Form: There are 4,526 HNI small forms available.
  • HNI Big Form: There are 9,063 HNI big forms available.
  • Face Value: The face value of each share is ₹5.

The Composition: About Cello World

Established 60 years ago in Mumbai, Cello World has crafted a niche for itself in the Indian consumerware market with an array of products spanning drinkware, dinnerware, cookware, opalware, glassware, pens, stationery, moulded furniture and air coolers.

As of June 2023, Cello’s product portfolio boasted approximately 16,000 stock-keeping units. The company harmonizes its operations through 13 manufacturing facilities across five locations and is currently setting the stage for a new glassware manufacturing facility in Rajasthan.

The Performance: Revenue Generation

Cello’s in-house manufacturing operations strike the right chord by contributing to approximately 80% of its revenue. The remaining revenue is orchestrated by third-party contract manufacturers primarily for steel and glassware products.

The Finale: Your Move

With its strong brand presence and diverse product portfolio, Cello World strikes a high note as an attractive investment opportunity. Will you add this popular brand to your investment ensemble? Let us know in the comments below and stay tuned for more such IPO updates.

Disclaimer: Investments in securities market are subject to market risks; read all the related documents carefully before investing.

This blog post is intended for informational purposes only and should not be considered as investment advice.

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